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Thread: Everest Markets - Daily Major Pair Review and Forex Comment

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    Default Everest Markets - Daily Major Pair Review and Forex Comment

    Friday, September 27, 2013

    * Everest Markets Forex Comment

    US Dollar rose against most of its major counterparts on Thursday. On the US economic data front, initial jobless claims fell to 305K (325K expected) in the week ended September 21st from 310K (revised from 309K) the previous week. GDP rose at a 2.5% (2.6% expected) annualized rate in 2Q, according to data released by the US Commerce Department. Finally, pending home sales slid 1.6% MoM (-1% expected) in August after a downwardly revised 1.4% decline the previous month.

    The British Pound was down against its major counterparts. UK 2Q GDP was confirmed at +0.7% QoQ. YoY, it was +1.3% vs +1.5% in prior estimation.


    * Everest Markets Daily EUR/USD Pair Review

    EUR/USD intraday: under pressure.
    Pivot: 1.3510.
    Our preference: SHORT positions below 1.351 with 1.3455 & 1.3425 in sight.
    Alternative scenario: The upside breakout of 1.351 will open the way to 1.355 & 1.357.
    Comment: the pair is rebounding but stands below its resistance.


    Everest Markets - Daily Major Pair Review and Forex Comment-27-sep-eurusd1-jpg

  2. #2

    Default Everest Markets - Daily Major Pair Review and Forex Comment

    Wednesday, October 9, 2013

    Everest Markets Daily Forex Comment


    US Dollar was mixed against most of its major counterparts on Tuesday. On the US economic data front, NFIB Small Business Optimism index for September fell to 93.9 from 94.1 the previous month (94.3 expected).

    The Euro erased its earlier gains against its major counterparts. Germany trade balance was an excess of E13.1B in August compared to an excess of E16.2B in July. Exports gained 1% while imports increased 0.4%. Separately, factory orders slid 0.3% in August after dropping 1.9% the month before. Consensus was a 1.1% increase. Bank of France business sentiment was flat at 97 in September (98 expected). French trade balance deficit narrowed to E4.91B in August vs E5.08B the month before.


    Everest Markets Daily EUR/USD Pair Review

    EUR/USD intraday: intraday support around 1.3555
    Pivot: 1.3555.
    Our preference: LONG positions above 1.3555 with 1.3605 & 1.363 in sight.
    Alternative scenario: The downside penetration of 1.3555 will call for 1.3535 & 1.3505.
    Comment: the pair is facing a pull back on its support ahead of a rebound.


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breakout, color, eur, eur/usd, forex, home, index, intraday, markets, pivot, resistance, review, sales, strategies, support, time, upside, usd

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